Integrated energy company engaged in crude oil and natural gas exploration, production, refining, and marketing worldwide.
Profile & Fundamentals
Chevron: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Chevron Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations. It operates through Upstream and Downstream segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company operates in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.
Company profile record
Chevron Corp
Common Stock · Energy · Integrated Oil & Gas
Company
- Company / asset
- Chevron Corp
- Security type
- Common Stock
- Sector
- Energy
- Industry
- Integrated Oil & Gas
- HQ
- 🇺🇸 United States
- Head office
- 1400 Smith Street, Houston, TX, United States, 77002-7327
Leadership & scale
- Chief executive
- Mr. Michael K. Wirth
- CEO year born
- 1961
- Full-time employees
- 43K
- Fiscal year end
- December
- IPO date
- 2001-10-19
Fundamentals snapshot
- Market Cap
- USD 410.0B
- P/E
- 19.9x
- Revenue (Q2 26)
- USD 67.2B
- Profit (Q2 26)
- USD 12.1B
- Dividend Yield
- 2.4%
- Revenue (FY 25)
- USD 184.4B
- Shares in public float
- 1.9B
- Insider ownership
- 4.77%
Reporting & identifiers
- Symbol
- CVX.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US1667641005
- Asset ID
- equity_934a894c-c3d4-520a-8487-202b920c7091
Ownership
Shares Outstanding
Latest: 2.0B | Max: 2.0B | Min: 1.8B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
94.60%
1.9B latest reported shares
Insider Ownership
4.77%
Latest reported insider stake
Short Float
0.01%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,906,146,000 |
| 2018-01-01 | 1,906,823,000 |
| 2019-01-01 | 1,872,317,000 |
| 2020-01-01 | 1,910,724,000 |
| 2021-01-01 | 1,922,082,000 |
| 2022-01-01 | 1,919,731,000 |
| 2023-01-01 | 1,868,101,000 |
| 2024-01-01 | 1,777,366,000 |
| 2025-01-01 | 1,996,984,000 |
| 2026-01-01 | 1,975,087,000 |
Top Holders
Available reported ownership records.
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| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| State Street Corp | 153,137,916 | 7.81% | 2026-03-31 |
| BlackRock Inc | 144,720,031 | 7.38% | 2026-03-31 |
| Vanguard Capital Management, LLC | 122,484,427 | 6.24% | 2026-03-31 |
| Berkshire Hathaway Inc | 84,375,856 | 4.3% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 60,128,401 | 3.07% | 2026-08-31 |
| Vanguard 500 Index Investor | 49,735,709 | 2.54% | 2026-08-31 |
| Geode Capital Management, LLC | 43,677,102 | 2.23% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 42,313,738 | 2.16% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 36,847,021 | 1.88% | 2026-03-31 |
| Charles Schwab Investment Management Inc | 36,118,480 | 1.84% | 2026-03-31 |
| State Street®EngySelSectSPDR®ETF | 29,988,303 | 1.53% | 2026-08-31 |
| Bank of America Corp | 27,630,227 | 1.41% | 2026-03-31 |
| iShares Core S&P 500 ETF | 24,929,688 | 1.27% | 2026-08-31 |
| Fidelity 500 Index | 24,208,241 | 1.23% | 2026-07-31 |
| NORGES BANK | 22,964,061 | 1.17% | 2026-06-30 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Chevron experienced a dramatic financial rebound through mid-2026, punctuated by second-quarter net income reaching 12.07 billion dollars on consolidated revenues of 67.2 billion dollars. This surge reflected the integration of newly acquired deepwater assets alongside elevated global crude prices. Over the trailing twelve months, the business generated 20.6 billion dollars in net income and an impressive 27.0 billion dollars in free cash flow. However, headline results were flattered by approximately 1.4 billion dollars in favorable timing adjustments and peak refining margins. While recurring earnings power is structurally higher than historical baselines due to low-cost barrels, headline profits will naturally moderate as emergency oil premiums recede.
Chevron experienced a dramatic financial rebound through mid-2026, punctuated by second-quarter net income reaching 12.07 billion dollars on consolidated revenues of 67.2 billion dollars. This surge reflected the integration of newly acquired deepwater assets alongside elevated global crude prices. Over the trailing twelve months, the business generated 20.6 billion dollars in net income and an impressive 27.0 billion dollars in free cash flow. However, headline results were flattered by approximately 1.4 billion dollars in favorable timing adjustments and peak refining margins. While recurring earnings power is structurally higher than historical baselines due to low-cost barrels, headline profits will naturally moderate as emergency oil premiums recede.
Revenue, Net Income, and Free Cash Flow
Latest: USD 184.4B | Max: USD 246.3B | Min: USD -5.5B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 25x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating margins recovered vigorously toward 15.8% on a trailing-twelve-month basis, driven by high crude realizations and expanding deepwater output. Structural cost-reduction initiatives have successfully removed 3 billion dollars in recurring annual operating expenses, permanently defending baseline profit margins against future commodity slumps. Nonetheless, investors should distinguish between permanent cost efficiencies and temporary market windfalls. While upstream production costs remain low, volatile downstream refining margins face compression as global fuel supplies stabilize, requiring ongoing production growth to defend consolidated profitability.
Operating margins recovered vigorously toward 15.8% on a trailing-twelve-month basis, driven by high crude realizations and expanding deepwater output. Structural cost-reduction initiatives have successfully removed 3 billion dollars in recurring annual operating expenses, permanently defending baseline profit margins against future commodity slumps. Nonetheless, investors should distinguish between permanent cost efficiencies and temporary market windfalls. While upstream production costs remain low, volatile downstream refining margins face compression as global fuel supplies stabilize, requiring ongoing production growth to defend consolidated profitability.
Profitability Margins
Latest: 30.4% | Max: 30.7% | Min: -7.3%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
30.4%
Gross profit / revenue
Operating Margin
9.0%
Operating income / revenue
Net Margin
6.7%
Net income / revenue
FCF Margin
9.0%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 110,215,000,000 | -497,000,000 | -5,263,000,000 |
| 2017-12-31 | 134,674,000,000 | 9,195,000,000 | 7,111,000,000 |
| 2018-12-31 | 158,902,000,000 | 14,824,000,000 | 16,800,000,000 |
| 2019-12-31 | 139,865,000,000 | 2,924,000,000 | 13,200,000,000 |
| 2020-12-31 | 94,471,000,000 | -5,543,000,000 | 1,700,000,000 |
| 2021-12-31 | 155,606,000,000 | 15,625,000,000 | 21,100,000,000 |
| 2022-12-31 | 246,252,000,000 | 35,465,000,000 | 37,600,000,000 |
| 2023-12-31 | 196,913,000,000 | 21,369,000,000 | 19,780,000,000 |
| 2024-12-31 | 193,414,000,000 | 17,661,000,000 | 15,044,000,000 |
| 2025-12-31 | 184,432,000,000 | 12,299,000,000 | 16,592,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 24.75 | Trailing four quarters |
| 2024-12-31 | 14.58 | Trailing four quarters |
| 2023-12-31 | 13.04 | Trailing four quarters |
| 2022-12-31 | 9.72 | Annual net income |
| 2021-12-31 | 14.44 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 28.52 | -4.96 | -0.45 | -4.78 |
| 2017-12-31 | 29.37 | 2.32 | 6.83 | 5.28 |
| 2018-12-31 | 28.26 | 9.09 | 9.33 | 10.57 |
| 2019-12-31 | 21.83 | 0.07 | 2.09 | 9.44 |
| 2020-12-31 | 24.15 | -7.35 | -5.87 | 1.8 |
| 2021-12-31 | 29.2 | 10.35 | 10.04 | 13.56 |
| 2022-12-31 | 30.04 | 20.38 | 14.4 | 15.27 |
| 2023-12-31 | 30.67 | 17.16 | 10.85 | 10.05 |
| 2024-12-31 | 29.43 | 15.04 | 9.13 | 7.78 |
| 2025-12-31 | 30.41 | 9.04 | 6.67 | 9 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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